What was that on $USUAL ? | CRYPTO MECHANIC on Binance Square

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What was that on $USUAL ?

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Enjoy the rollercoaster 🎢 But do not get caught 😉 $BTC

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The executive order is not what we expected. Do not just read the main headline that trump signed the executive order read the full Executive order summary and most importantly the area i highlighted. Here's a simpler explanation that i understand. The U.S. government is creating a special storage place for Bitcoin that it already owns. This Bitcoin was taken from criminals or through legal actions, so it doesn't cost taxpayers any money. The government wants to keep this Bitcoin safe and not spend it. US currently holds around 200k Bitcoin. **The second important point** The government is also setting up a collection of other Altcoins like we saw Trump mentioned XRP , Ethereum , ADA and solana that were taken from criminals or through legal actions. They won't buy more of these assets; they'll only keep what they get from these legal actions. The goal is to manage these digital assets responsibly. In short, the government is creating safe places to store Bitcoin and other digital assets that they get from legal actions, without spending extra money from taxpayers.

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Have a Blessed Friday everyone ❤️

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Trump signed executive order for Bitcoin strategic reserves and the market dumped. you might be wondering why it dumped while the news is so bullish. Here is why. Buy the Rumor, Sell the News: Traders often buy assets in anticipation of positive news (buy the rumor) and sell once the news is confirmed (sell the news). You all know trump was promising to do it in his election campaign and the topic was heating even more up since last week. Market Expectations: This move was already priced in when trump made a post last week and even before that like i said he is talking about it since his election campaigns. If the market had already priced in the news, the actual announcement might not meet the heightened expectations, leading to a sell-off. Besides price volatility America backing Bitcoin is really a positive news for BTC holders and Crypto.

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Just 50 minutes into friday candle and this is what $BTC Did. It's going to be a rollercoaster.

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